Bitcoin

Bitcoin (BTC) looks poised to record its best September in a decade, surging past $65,000. This uncharacteristic price appreciation could be attributed to several key factors. Reasons Behind Bitcoin’s Impressive September Gains Historically, September has consistently been the worst month for BTC in terms of price performance. However, the apex cryptocurrency is now on track to post its best September in at least a decade, driven by several macroeconomic developments. On September 18, the US Federal Reserve (Fed) initiated its…

Based on several projections, Bitcoin (BTC) could rise to as high as $180,000 at the peak of this bull run. Ethereum (ETH) could also reach $15,000, while altcoins like ETFSwap (ETFS) are predicted to enjoy parabolic rallies, providing investors with significant returns in this market cycle.  ETFSwap (ETFS) Can Surge To $5 As Bitcoin (BTC) Reaches $180,000 Analysts predict that ETFSwap (ETFS) will surge to $5 as Bitcoin (BTC) reaches $180,000. As part of their prediction, these analysts have stated…

BlackRock remains steady with its Bitcoin accumulation appetite, growing its portfolio to 363,626 BTC as of Friday, September 27. The asset manager has been bullish on crypto for nearly a decade and does not show signs of stopping. As it grows its Bitcoin holdings, BlackRock is solidifying its place among the most dominant institutional players in the crypto playing field. BlackRock Grows Bitcoin Portfolio With 1,434 BTC Purchase The asset manager bought 1,434 BTC valued at $94.3 million on Friday, bringing…

Bitcoin has been the subject of recent media attention, not only due to its price increase above $65,000 but also due to the extraordinary inflows into spot Bitcoin ETFs. These inflows, according to Farside Investors, have reached a remarkable $365 million as of September 26, 2024, which is indicative of the increasing institutional interest in the cryptocurrency market. Record Inflows Amid Market Optimism The biggest daily flow for the month came from BlackRock’s Bitcoin ETF, which surged about $184 million…

With Bitcoin (BTC) hitting a near three-month high of $66,000 on Friday, technical analyst InspoCrypto suggests that the BTC futures market is at a critical juncture, with the potential for further short squeezes and the importance of maintaining support around the $64,000 level. Divergence Despite BTC Uptrend The analyst recently noted in his writing that the latest data shows that the BTC/USDT price chart hit a Friday high of $66,106, reflecting bullish sentiment as the cryptocurrency continues to climb.  Over…

Bitcoin is now trading above the $65,000 price level for the first time in two months, leaving the $63,000 resistance level behind. This interesting increase has seen Bitcoin increase by almost 23% from a September low of $53,400 on September 6, pushing many holders into profitability. According to Santiment, this price action has been mostly fueled by increased activity from whales and sharks, with the on-chain analytics platform noting a huge accumulation trend among them. Sharks And Whales Continue To…

MicroStrategy was shot into the limelight when it began publicly buying Bitcoin back in 2020. While it is not the only publicly listed company to do this, the company’s aggressive Bitcoin strategy set it apart from the rest. Four years later, MicroStrategy is now the public company with the largest BTC holdings in the world, recording over $5 billion in profit so far. However, the profit on the BTC holdings is not the only positive that has come from the…

Atlanta, GA, September 27th, 2024, Chainwire Boost VC, Draper Associates and Thesis* Join Forces to Foster Innovation in Infrastructure, DeFi and SocialFi Boost VC, Draper Associates, and Thesis*, one of the longest-standing venture studios funding and building brands on Bitcoin, today announced the launch of the BitcoinFi Accelerator, an exclusive six-week program designed to accelerate the next generation of dApps and solutions built on Bitcoin. The co-run program aims to nurture and support pre-seed teams working on revolutionary projects in…

Bitcoin (BTC) went above the crucial $65,000 mark for the first time in four weeks and is up almost 3% over the past 24 hours. BTC’s move past $65,000 comes just ahead of the expiry of over $5.8 billion in options contracts, which analysts believe could increase volatility in the crypto markets. The jump seems to be driven primarily by monetary stimulus in the US and China, which led to crypto markets registering a substantial jump.  Nearly all major cryptocurrencies…